LM Funding America, Inc. (NASDAQ:LMFA) Sees Large Decline in Short Interest

LM Funding America, Inc. (NASDAQ:LMFA) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 144,500 shares, a drop of 25.5% from the March 31st total of 193,900 shares. Based on an average daily trading volume, of 127,800 shares, the days-to-cover ratio is presently 1.1 days. Approximately 7.1% of the company’s stock are short sold.

LM Funding America Trading Up 1.1 %

LM Funding America stock opened at $2.72 on Friday. The stock has a 50-day moving average of $3.06 and a two-hundred day moving average of $2.83. LM Funding America has a one year low of $1.63 and a one year high of $8.22.

LM Funding America (NASDAQ:LMFA) last released its quarterly earnings results on Monday, April 1st. The financial services provider reported ($0.67) EPS for the quarter, beating analysts’ consensus estimates of ($1.20) by $0.53. The company had revenue of $4.06 million during the quarter, compared to analysts’ expectations of $3.50 million. LM Funding America had a negative return on equity of 19.98% and a negative net margin of 122.79%. As a group, sell-side analysts forecast that LM Funding America will post -4.28 earnings per share for the current year.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “neutral” rating on shares of LM Funding America in a research note on Wednesday, April 3rd.

LM Funding America Company Profile

LM Funding America, Inc operates as a cryptocurrency mining and technology-based specialty finance company. It engages in Bitcoin mining operations. The company also provides funding to nonprofit community associations primarily located in the state of Florida, as well as in the states of Washington, Colorado, and Illinois.